Important information about Pakistan economy
By M. S. Qazi
The circular debt and power crisis are interlinked issues that cannot be resolved unless all the stakeholders, consumers, power generation and distribution companies and the government decide to adamantly resolve them in a comprehensive manner. Read More »The dilemma of circular debt and energy crisis in Pakistan
The total foreign reserves held by the country stood at $15,048.2 million on 10th
April, 2010. The break-up of the foreign reserves position is as under: Read More »Pakistan’s liquid foreign reserves position
Federal Board of Revenue (FBR) on Friday announced that senior citizens over the age of 60 years are entitled to claim 50 percent rebate in the payment of tax outstanding against them. The FBR has… Read More »ISLAMABAD: Senior citizens to avail 50% tax rebate in payable income
Directorate General of Internal Audit, Lahore, has proposed to the federal government to make obtaining National Tax Number (NTN) mandatory for installation of commercial electricity meter, purchase of immoveable property and for obtaining various commercial services. Read More »ISLAMABAD: Proposal to make NTN necessary for electricity meter installation
The government has withdrawn exemption of customs duty, sales tax and withholding tax on import of old and used vehicles including cars and jeeps (800cc to 1800cc) of non-Asian makes ie, European, USA, etc. Through SRO (I)/2010, issued on Friday.Read More »ISLAMABAD: Taxes relief on non-Asian cars’ import withdrawn
The factors responsible for the reduction in water supply include increase in population, climate change, lack of construction of water reservoirs, and misplaced use
of the Jhelum and Chenab rivers by India under the Indus Water Treaty (IWT) of 1960
Read More »The water crisis and its implications for Pakistan
The Debt Office of the ministry of finance has released Fiscal Policy Statement 2009-10 in end-January 2010 to fulfill the requirement as laid out under section 6 of the Fiscal Responsibility and Debt Limitation Act 2005. Read More »Fiscal policy statement- By Dr Ashfaque H Khan
By Dr. Noor Fatima
Our growth strategy has failed, it is a fact, but do we require another serious crisis to grasp this piece of information? In the prevailing economic scenario, it becomes mandatory for one to be fully aware of what went wrong historically in the country’s economic planning. In reality there is a lack of consensus about the nature of economic development that is required in this state, though all the political parties and economic managers share the basic assumption that economic growth should be a long term, continues process and for a country to be able to survive in the global economy, a competitive edge in the international market is vital. Read More »New economic model needed for sustainable development in Pakistan
The State Bank of Pakistan released on Tuesday first quarterly report for fiscal year 2010 on the state of the country’s economy. Following are the economic outlook and executive summary of the report.
Read More »Overview: State Bank of Pakistan’s first quarterly report-2010
KARACHI: Pakistan’s expected rate of inflation for the fiscal year 2009-10 has been revised upwards to 11 percent from an earlier projection of 9 percent on higher energy costs, the International Monetary Fund (IMF) said. Read More »Pakistani inflation seen at 11% for FY ’09-10